Why Apple loves China
When Apple began manufacturing the iPhone, the company estimated that it would take nine months to find 8,700 qualified industrial engineers in the U.S. to oversee assembly-line workers. In China, it took 15 days.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Earnings: Hedge-fund investors vs CEOs
The richest 25 hedge-fund investors earned more than $25 billion in 2009, about six times as much as all the chief executives of the 500 largest publicly held companies put together. Hedge-fund investors pay federal taxes on their income at the capital gains rate of 15 percent.
The Economist
Where the money goes...
The average American worker spends more than $20 a week on coffee, or $1,092 a year. But that’s still less than what we spend on lunch and getting to and from work: The average annual cost of commuting rings in at $1,476, while lunch sets us back an average of $1,924, or $37 a week.
Consumerist.com
Salaries in Silicon Valley set a record
Average yearly salaries for Silicon Valley technology workers hit a record high last year, at $104,195. Start-ups and the success of firms like Facebook, Zynga, and LinkedIn have driven a hiring war for software engineers and other skilled workers.
The Wall Street Journal
Tuition for the Class of 2034
If U.S. college tuitions continue to rise as they have for the past three decades, today’s newborns—the Class of 2034—will face bills of $110,432 a year at the country’s priciest universities.
The Daily
-
Weapons: Julia Garner stars in 'hyper-eerie' psychological thrillerThe Week Recommends Zach Cregger's 'top notch' new film opens with 17 children disappearing at exactly the same time
-
Freakier Friday: Lohan and Curtis reunite for 'uneven' but 'endearing' sequelThe Week Recommends Mother-and-daughter comedy returns with four characters switching bodies
-
Al fresco art: the UK's best sculpture parksThe Week Recommends Soak up the scenery with a stroll through these open-air galleries
-
The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
-
The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
-
The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
-
The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
-
The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
-
The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
-
The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
-
The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie